10
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$825,000
Est. payment /mo
3,474 SqFt
Pending
215 China Grade Bakersfield, CA 93308
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 3,474 sqft
Price per Sqft $237
MLS Listing ID 202610477
Year Built 1954
Lot Size 8,812 Sqft
Acres 0.2023
Property Sub-Type Commercial
Property Description
Investors looking for a hands-off medical office should take a close look at this fully leased building on China Grade Loop in Bakersfield. Two tenants, with five year lease contracts. The building offers 4,388 square feet on an 8,712 square foot lot. The current owner has already made key upgrades, including some new windows, replaced several HVAC units, along with fresh flooring and paint in Suite B. These upgrades should reduce near-term maintenance costs for the next owner.Tenants West Coast Eye Institute and Pinales Dental DDS both signed 5-year leases with 3% annual rent increases built in. One lease is NNN and the other is Modified Gross, giving the owner a blended expense structure. The seller may also consider owner financing for a qualified buyer.The property is located in North Bakersfield near China Grade Loop, close to Starbucks, Dollar General, Autozone, and Chase Bank.
Location
State CA
County Kern
Area 23
Zoning c-2 Commercial
Listed by Craig J Hummel • Century 21 Select Real Estate
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